HAL vs NYAX: Correlation
Measured on weekly returns over the past three years, Halliburton (HAL) and Nayax Ltd. (NYAX) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAL and NYAX?
Across a 3-year window, the weekly returns of HAL and NYAX correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.23 over 3. Stretching to 5 years gives -0.13, with an annualized covariance of -420.3 %².
Out of 44 assets tracked against HAL, NYAX lands near the bottom at #42. The last year tells two different stories: HAL led by 53.4 percentage points, +62.8% for HAL against +9.4% for NYAX.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
HAL vs NYAX: side by side
| HAL (Halliburton) | NYAX (Nayax Ltd.) | |
|---|---|---|
| 1-year return | +62.8% | +9.4% |
| 5-year return | +93.6% | n/a |
| Volatility (ann.) | 38.0% | 48.8% |
| Beta vs S&P 500 | 0.55 | 0.48 |
| Max drawdown (3Y) | -54.0% | -39.1% |
| Market cap | $29.6B | $2.0B |
| P/E (trailing) | 18.0 | 261.0 |
| Dividend yield | 1.97% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | HAL | NYAX |
|---|---|---|
| 2022 | +74.5% | – |
| 2023 | -6.5% | -3.3% |
| 2024 | -23.2% | +53.1% |
| 2025 | +7.0% | +73.5% |
| 2026 | +26.7% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAL and NYAX good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HAL and NYAX?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.32 over the last year and -0.13 over 5 years.
Is NYAX a good diversifier for HAL?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hal-vs-nyax.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hal-vs-nyax/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HAL correlations · NYAX correlations
